The long march to energy independence: Part 3
Attempts to end the US ‘addiction to oil’ in the early 2000s had some unintended negative consequences
The energy programmes introduced into the US by the administration of President George W Bush between 2001 and 2009 required that renewable fuels, principally ethanol, be substituted for gasoline. After Bush declared that “America is addicted to oil” in a State of the Union address, the rush was on to replace gasoline with renewables. Congress, backed by agricultural interests, quickly passed the Renewable Fuels Act (RFA). By 2021, 10% of the fuel supplied to American consumers was derived from crops rather than crude oil. The Bush regulations boosted corn demand and created an agricultural boom. Data published by the US Department of Agriculture includes details on cash prices and informati
Also in this section
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation






